Ross Stores (ROST) Offering Possible 35.14% Return Over the Next 21 Calendar Days

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Ross Stores’s most recent trend suggests a bullish bias. One trading opportunity on Ross Stores is a Bull Put Spread using a strike $114.00 short put and a strike $109.00 long put offers a potential 35.14% return on risk over the next 21 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $114.00 by expiration. The full premium credit of $1.30 would be kept by the premium seller. The risk of $3.70 would be incurred if the stock dropped below the $109.00 long put strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Ross Stores is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Ross Stores is bullish.

The RSI indicator is at 45.88 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Ross Stores

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Tue, 23 Nov 2021 21:03:15 +0000
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Tue, 23 Nov 2021 12:22:00 +0000
Last week, Ross Stores (NASDAQ: ROST) posted another strong quarterly earnings report. In the first half of fiscal 2021, Ross Stores capitalized on strong pent-up consumer demand and the easing of the COVID-19 pandemic. Sales surged 20% compared to the first half of 2019 — reaching $9.3 billion — on a 14% increase in comparable store sales.

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Ross Stores Tops Profit Estimates. Stock Falls on Inflation Headwinds.
Fri, 19 Nov 2021 18:54:00 +0000
Expenses are rising because of ongoing headwinds from higher freight inflation, the discount retailer says.

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